Benetton Group consolidated revenues increase to 465 million euro (+3.4%) , net income rises to 29 million euro (+8.6%)

The Benetton Group Board of Directors, meeting today and chaired by Luciano Benetton, examined and approved the consolidated results for the first quarter of 2008.

Group net revenues in first quarter 2008 increased by 465 million euro (+3.4%), in line with the already-announced full year forecast. Growth in the quarter was influenced by:

•New delivery schedules for the spring and summer collections, developed to take advantage of new business opportunities in a market in which styles and trends change ever more quickly;

•The conversion of some USA stores from wholesale to retail whichhad a temporary impact on the quarter due to the lack of spring/summer invoicing in the early months of the year and which will be recovered in subsequent months;

•Revaluation of the euro in relation to other major currencies.

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